The Diamond Dealers Club (DDC) plans to move to the International Gem Tower at 50 w. 47th Street. "The International Gem Tower (IGT) is critical to the future success and stability of the diamond industry on 47th Street in New York. I believe that this new facility and trading floor will be an incredible benefit to our members," said DDC President, Reuven Kaufman.

"Now is an excellent opportunity for DDC members to secure office space still available from Extell Development, the developers of IGT, and be in the same location as the DDC and other major companies in the industry," he added.

The DDC will be located on the 11th floor, where members will have the opportunity to conduct their business out of a brand new open trading floor with state-of-the-art technical facilities, cafeteria and break area, and spaces designed with floor to ceiling windows.

Gary Barnett, the founder of Extell. "Having the DDC at the International Gem Tower completes our vision for a modern industry center in New York."

"There were many people on both sides who worked tirelessly to make this possible," Kaufman added as he thanked Gary Barnett, Elliot Krischer, Secretary of the DDC, Raizy Haas, Senior Vice President of project management and development at Extell, the DDC's Officers and Board Members, DDC's Managing Director, David Lasher, and General Counsel, William Lerner

The DDC is in the process of building its new trading floor at the International Gem Tower.